Name Professor Course Date Economic Growth In the short term Economic growth translates to a rise in real GDP and an increase in the maximum output in the long term. Growth results from an increase in aggregate demand that may originate from a high rate of consumer expenditure and increase in investments (Jackson Tim and Senker 1013) Most reduction of resources land changes with implications for water quality and biodiversity. At times the degree of exploitation may exceed rates of replacement and unwanted materials generated. Works Cited Jackson Tim and Peter Senker. "Prosperity without growth: Economics for a finite planet." Energy & Environment 22.7 (2011): 1013-1016. Van den Berg Hendrik. Economic growth and development. World Scientific Publishing Company 2016. [...]
Is Growth Desirable and Sustainable?' share your thoughts. Can growth solve or reduce such problems as poverty, homelessness, and discrimination? Can growth occur without destroying the planet?